Forex Analysis
USD Mid-day Analysis
A slight retrenchment in the Dollar this morning is to be expected after the upside extension early in the week.
CAD Mid-day Analysis
The trade expects the payroll readings later this morning to post a gain of 20,000 jobs and
GBP Mid-day Analysis
A fresh downside breakout in the Pound and the lowest trade since mid-June would seem to leave the bear camp in
The Global Macro Pulse
In FX, flows into safe haven drove USDJPY to a low of 101.60 before rebounding 101.80.
EUR/USD Analysis
Weak euro area economic data this week have fuelled the concerns about other potential volatility-inducing events in August putting more pressure on the EUR,
FI Eye-Opener: Japanese yield levels calling
Core bonds continued to rally on both sides of the Atlantic, and the curve bull-flattened further, as geopolitical tensions and risk aversion continued.
FX Daily
The German trade balance for June is expected to show an increase in exportsand imports after both figures declined in May.
RBA reassesses growth: trims forecasts
Growth outlook trimmed. RBA still expects “a bit below trend” growth for 2014/15; now at 2½%,
EUR/USD Analysis
The pair started this morning at $1.3364 after gains last night stalled at $1.3394, just shy of rumored heavy selling at heavy offers at $1.3400 (options expiry).
GBP/USD Analysis
The pair closed in NY Thursday at $1.6833 after rate saw extended lows of $1.6824 as it reacted to release of stronger than forecast US weekly jobless claims,
USD/JPY Analysis
The risk-off theme in markets today gave the yen a lift and put yen crosses under pressure since the start of the session.
Investor Returns Compromised
One of the ironies of growth cycles is that the peak in growth, when folk are making most money,